A123 wins bankruptcy court approval of bid procedures for sale of automotive assets

  • by: RANDALL CHASE , Associated Press
  • Updated: November 8, 2012 - 2:39 PM

WILMINGTON, Del. - A judge ruled Thursday that bankruptcy proceedings for A123 Systems can move forward after the advanced battery maker reduced the fee that would have to be paid to the lead bidder for its assets should the deal fall apart.

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